Alliance & Leicester revises specialist mortgage range

12-Oct-2006

Alliance & Leicester has announced the launch of a new range of self-certification mortgages, potentially suitable for first time buyers.

Self employed first time buyers may be attracted by the new range of two-year fixed-rate and tracker options, offering interest rates at 4.9 per cent for loan-to-values (LTV) of up to 75 per cent.

The two-year tracker option has an interest rate of 0.1 per cent above the current base rate, with a maximum LTV of 85 per cent.

"We continue to bring competition to the specialist lending sector, offering brokers greater choice and value for money," said Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester.

Arrangement fees for the two mortgages are set at £999.

Alliance & Leicester also offers a range of more conventional mortgages for first time buyers, with interest rates ranging from 4.64 per cent to 5.59 per cent.

To find out more about this mortgage, contact a good mortgage broker.

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